Free Financial Tool
Debt Payoff Calculator
See exactly when you'll be debt-free and how much you'll pay in interest — using either the avalanche or snowball method.
Your Debts
Payoff Method
How to use this calculator
Enter each debt you're carrying — the name, balance, interest rate, and minimum payment. Add an extra monthly payment to see how much faster you can get out of debt. The Avalanche method targets the highest-rate debt first and minimizes total interest paid. The Snowball method targets the smallest balance first, which many people find more motivating. Both strategies show you exactly when each debt disappears and when you'll be completely free.
Free Download: Debt Payoff Starter Kit
A printable worksheet and step-by-step guide to track your debt payoff progress offline. Includes both avalanche and snowball tracking sheets.